Politics

If This is What Successful Stimulus Spending Accomplishes, Go Screw Yourself

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Via Instapundit comes the latest update of the unemployment rate chart from AEI's James Pethokoukis. The good news is that unemployment came in at 7.5 percent, which represents a four-year low. The bad news includes a lot of things, but let's just focus on two.

First, the U-6 measure, which tracks discouraged workers and part-timers who want a full-time gig, nudged upwards to 13.9 percent.

Second, the final cost of the Obama admin's stimulus program has come in somewhere north of $800 billion. By the administration's own estimation (see above), we clearly got less than nothing for all that extra spending (read: debt and future taxes).